Part 1 - Product Development Frameworks

Question 1

What is IDEO’s DVF Framework?

Answer 1

A tool to evaluate product success based on user desirability, technical feasibility, and financial viability

Question 2

What three key factors does the DVF framework assess?

Answer 2

User desirability
Technical feasibility
Financial viability

Question 3

How does the DVF framework aid product development teams?

Answer 3

By reducing uncertainty and ensuring products are desirable viable and feasible

Question 4

How can ideas be rated using the DVF framework?

Answer 4

By giving a rating of the product from each section of the DVF

Question 5

How does the DVF framework complement design thinking?

Answer 5

Combining both ensures practical, sustainable, and user-centered products

Question 6

What is the focus of the Lean Startup Methodology?

Answer 6

Cyclically building, measuring, and learning to develop products efficiently based on real market needs

Question 7

What does the Lean Startup Methodology encourage?

Answer 7

It encourages creating a MVP to test hypotheses and refine the product iteratively based on user feedback

Question 8

What approach does Design Thinking use?

Answer 8

A deep understanding of end-users needs and challenges

Question 9

How many stages are in the Design Thinking process?

Answer 9

There are five stages in the Design Thinking process

Question 10

What are the five stages of the Design Thinking process?

Answer 10

1. Empathize
2. Define
3. Ideate
4. Prototype
5. Test

Question 11

What is the primary application of Agile Development?

Answer 11

Agile Development is used primarily in software development

Question 12

What does Agile Development involve?

Answer 12

It involves continuous iteration of development and testing throughout the product lifecycle

Question 13

What does Agile Development promote?

Answer 13

Response to change and frequent delivery of functional product increments

Question 14

What does the Stage-Gate Process divide?

Answer 14

The Stage-Gate Process divides the product development process or project into several stages separated by “areas of review”

Question 15

What determines continuation in the Stage-Gate Process?

Answer 15

The decision to continue the development process is based on whether critical predefined criteria have been met

Question 16

What is Scrum a subset of?

Answer 16

Scrum is a subset of Agile development

Question 17

What does Scrum manage?

Answer 17

Scrum organizes teams and manages the work process

Question 18

What are the short cycles in Scrum known as?

Answer 18

The short cycles in Scrum are known as sprints

Question 19

What is the focus of the Jobs to Be Done framework?

Answer 19

Jobs to Be Done framework focuses on the customers underlying objectives (jobs) that they want to accomplish with a product

Question 20

What does the Value Proposition Canvas help ensure?

Answer 20

It helps ensure that a product or service is positioned around what the customer values and needs

Question 21

What does the Business Model Canvas provide?

Answer 21

It provides a visual chart describing a companys value proposition, infrastructure, customers, and finances

Question 22

What is the focus of Feature Driven Development?

Answer 22

Prioritizing and delivering features valued by customers

Question 23

What framework evaluates the desirability viability and feasibility of a product?

Answer 23

IDEOs Desirability Viability Feasibility (DVF) Framework

Question 24

What does IDEOs DVF Framework help teams do?

Answer 24

It helps teams create successful products by ensuring that key factors are considered and balanced throughout the development process

Question 25

What are 10 product development frameworks discussed?

Answer 25

Lean Startup Methodology
Stage-Gate Process
Design Thinking
Feature Driven Development
Business Model Canvas
Jobs to Be Done
DVF Framework
Scrum
Agile Development
Value Proposition Canvas